FORMULA- CHOPpiness Index - Multiple Index Value formula options - DO NOT DELETE

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Scan Description: FORMULA- CHOPpiness Index - Multiple Index Value formula options - DO NOT DELETE Note-Exact Choppiness Index formulae not available. So used above formulae from other Chartlink Choppiness calculator and identified the multiplication factor for every level in this scanner. Do not change the multiplication factor and also preferably the desired Choppiness Index value as both are varying when desired value is changed. Refer file D:\OTHERS\STOCKS\Learnings\.Lessons-Reference-IMPORTANT\CHOPPINESS-SCANNER-CHARTLINK-MULTIPLIER-IDENTIFIED.xlsx for calculation of multiplication factor. (Multiplication factors are for CI 38.25 it is 0.496993464 / for CI 40.6 it is 0.516502463 / for CI 44.9 it is 0.528953229 and for CI 22.49 it is 0.548243664). CI is the Chopness Index. Note- When CI 1h, 15m, 5m and 1m align and goes below 45 or 38.2 (1h) , stock perform wonderfully. Scanner purpose use 1h, 15m & 5 alignment or 1h & 15m alignment, Combine with Bullish stock identifier through EMA, VWAP

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FORMULA- CHOPpiness Index - Multiple Index Value formula options - DO NOT DELETE

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